Possible First Deal! Need Advice

Rehabbing, Fix and Flip, Rental Properties
1

I’m considering on purchasing a foreclosure.

2/1 1100 sq ft. SFH

$44,900 - LP
$10-15K - Rehab cost

Comparable comps:
low $87,000
high $113,000

The home was sold in 2003 for $84,000.

What things should I consider about this deal? Any advice? I’m thinking about renting to Section 8. The house is located near a major university.

2

If its 3 or 4 bedroom and near walking distance to the university i would definitly say buy it if you dont mind renting to college students.
you can usually get about $250 per person living there